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posted by chromas on Thursday October 31 2019, @03:24AM   Printer-friendly
from the starlink-bait dept.

AT&T will slash $3 billion off its capital investments next year

AT&T is planning to spend just $20 billion on capital investment in 2020, down from $23 billion this year. [...] The company is on pace to exceed its 2019 goal as it averaged more than $6 billion per quarter in the first three quarters. But with a forecast of $20 billion across all of 2020, AT&T expects to spend about $5 billion per quarter on capital investments going forward. The company is under pressure from investors to control spending, in part because its TV business is tanking and because of AT&T's giant debt load stemming from the purchases of DirecTV and Time Warner.

[...] AT&T's capital spending will decline next year despite the company's plan to roll 5G mobile service out nationwide. AT&T already got much of the 5G spending out of the way by purchasing spectrum licenses, and AT&T CEO Randall Stephenson told investors that the company's "strong spectrum position will allow for lower capital intensity" over the next three years.

AT&T has also mostly stopped its fiber-to-the-home broadband construction even though large portions of its 21-state territory still have only copper-based DSL service. Fiber deployment isn't stopping completely, as Stephenson said that "5G requires us to continue deploying fiber." But AT&T customers who can't get modern broadband speeds or reliable wireline service in their homes would welcome more capital investment in their neighborhoods.

Related: AT&T Lays Off Thousands After Nabbing Billions In Tax Breaks And Regulatory Favors
AT&T Will Give Poor People 1.5 Mbps DSL for $10 if US Allows DirecTV Merger
AT&T Employees Took Bribes to Plant Malware on the Company's Network
AT&T Turns On 5G In New York, But It Still Isn't Available To Consumers
Lawsuit: AT&T Signed Customers Up for DirecTV Now Without Their Knowledge
AT&T Considers Getting Rid of DirecTV as TV Business Tanks, WSJ Reports


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  • (Score: 0) by Anonymous Coward on Thursday October 31 2019, @04:13AM (2 children)

    by Anonymous Coward on Thursday October 31 2019, @04:13AM (#914025)

    No, not AT&T, the America.

    It's the same old story - it rots from the inside.

  • (Score: 0, Disagree) by Anonymous Coward on Thursday October 31 2019, @04:18AM

    by Anonymous Coward on Thursday October 31 2019, @04:18AM (#914026)

    Americans have become lazy unskilled bums who would rather be fishing than working and who complain bitterly that they would have to pay taxes if they did work. In other words, America is a whole country of "Mighty" Buzzards.

  • (Score: 0) by Anonymous Coward on Thursday October 31 2019, @04:25AM

    by Anonymous Coward on Thursday October 31 2019, @04:25AM (#914028)

    Verizon is the true heir of the original Bell Telephone Company. The newly named AT&T is formerly known as shitty Southwestern Bell.